The dividend is the amount of money a company pays to its shareholders as dividends on a per-share basis, whereas, the dividend yield reflects how much a company pays in dividends each year depending on its stock price.
Following are seven stocks that will be trading ex-dividend next week.
Hindustan Unilever Limited
With a dividend yield of 1.65 percent, the company announced a Final dividend of Rs. 24 per share equating to a 2400% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 14th June 2024.
The share price of this FMCG stock moved up by 1.8 percent on BSE to hit an intraday high at Rs. 2,597.5 on Friday, compared to its previous closing price of Rs. 2,549.7, and has a market capitalisation of Rs. 6.05 lakh crore.
Hindustan Unilever Limited is India’s largest Fast Moving Consumer Goods (FMCG) company and one of the country’s largest Foods and Refreshment businesses with brands including Brooke Bond, Lipton, Horlicks, Boost, Bru, Kissan, Knorr, and Magnum.
Asian Paints Limited
With a dividend yield of 1.12 percent, the company announced a Final dividend of Rs. 28.15 per share equating to a 2815% payout as compared to the face value of Rs. 1. The date of the ex-dividend has been fixed for 11th June 2024.
The share price of India’s leading paint and decor company moved up by 1.3 percent on BSE to hit an intraday high at Rs. 2,942.45 on Friday, compared to its previous closing price of Rs. 2,904.85, and has a market capitalisation of Rs. 2.8 lakh crore.
Asian Paints Limited is engaged in the business of manufacturing, selling and distribution of paints, coatings, and products related to home decor, bath fittings and providing related services.
Tata Chemicals Limited
With a dividend yield of 1.41 percent, the company announced a Final dividend of Rs. 15 per share equating to a 150% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 12th June 2024.
Tata Chemicals’ shares slumped by 4 percent on BSE to hit an intraday low at Rs. 1,018.35 on Friday, compared to its previous closing price of Rs. 1,062.2, and has a market capitalisation of Rs. 26,884.4 crore.
Tata Chemicals Limited is a diversified business dealing in basic chemistry products and specialty products. It has a global presence with key subsidiaries in the USA, UK and Kenya that are engaged in the manufacture and sale of soda ash, industrial salt and related products.
Adani Ports & Special Economic Zone Limited
With a dividend yield of 0.44 percent, the company announced a Final dividend of Rs. 6 per share equating to a 300% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 14th June 2024.
The share price of a company which is a part of the globally diversified Adani Group moved up by 2.4 percent on BSE to hit an intraday high at Rs. 1,384.9 on Friday, compared to its previous closing price of Rs. 1,352.8, and has a market capitalisation of Rs. 2.97 lakh crore.
Adani Ports & Special Economic Zone Ltd. is primarily engaged in developing, operating and maintaining the ports services, ports-related infrastructure development activities and development of infrastructure at the contiguous Special Economic Zone at Mundra.
Ambuja Cements Limited
With a dividend yield of 0.3 percent, the company announced a Final dividend of Rs. 2 per share equating to a 100% payout as compared to the face value of Rs. 2. The date of the ex-dividend has been fixed for 14th June 2024.
The share price of Ambuja Cements moved up by 2.3 percent on BSE to hit an intraday high at Rs. 623.75 on Friday, compared to its previous closing price of Rs. 609.65, and has a market capitalisation of Rs. 1.52 lakh crore.
Incorporated in 1981, Ambuja Cements Limited is one of the leading cement companies in India and a member of the diversified Adani Group.
Bajaj Auto Limited
With a dividend yield of 0.83 percent, the company announced a Final dividend of Rs. 80 per share equating to an 800% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 14th June 2024.
The share price of Bajaj Auto moved up by 0.4 percent on BSE to hit an intraday high at Rs. 9,738.3 on Friday, compared to its previous closing price of Rs. 9,701.9, and has a market capitalisation of Rs. 2.71 lakh crore.
Bajaj Auto Limited is engaged in the business of development, manufacturing and distribution of automobiles such as motorcycles, commercial vehicles, electric two-wheelers etc. and parts thereof, and sells its products in India as well as in various other global markets.
VST Industries Limited
With a dividend yield of 3.68 percent, the company announced a Final dividend of Rs. 150 per share equating to a 1500% payout as compared to the face value of Rs. 10. The date of the ex-dividend has been fixed for 14th June 2024.
The share price of VST Industries moved up by 2.3 percent on BSE to hit an intraday high at Rs. 4,246.4 on Friday, compared to its previous closing price of Rs. 4,149.35, and has a market capitalisation of Rs. 6,502.6 crore.
VST Industries Limited is engaged in the business of manufacturing and trading of Cigarettes, Tobacco and Tobacco products.
Written by Shivani Singh
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